Albania - Gross value added at factor cost (constant LCU)

The value for Gross value added at factor cost (constant LCU) in Albania was 1,308,920,000,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 1,355,210,000,000 in 2019 and a minimum value of 384,589,000,000 in 1992.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1980 514,052,000,000
1981 543,588,000,000
1982 559,616,000,000
1983 565,799,000,000
1984 558,718,000,000
1985 568,667,000,000
1986 600,724,000,000
1987 595,991,000,000
1988 587,528,000,000
1989 645,320,000,000
1990 556,155,000,000
1991 413,329,000,000
1992 384,589,000,000
1993 427,028,000,000
1994 475,993,000,000
1995 499,041,000,000
1996 538,637,000,000
1997 483,654,000,000
1998 524,812,000,000
1999 599,825,000,000
2000 635,421,000,000
2001 692,781,000,000
2002 722,370,000,000
2003 755,791,000,000
2004 800,170,000,000
2005 841,922,000,000
2006 891,288,000,000
2007 943,481,000,000
2008 1,001,460,000,000
2009 1,038,540,000,000
2010 1,077,490,000,000
2011 1,111,670,000,000
2012 1,123,180,000,000
2013 1,135,850,000,000
2014 1,160,060,000,000
2015 1,186,450,000,000
2016 1,224,300,000,000
2017 1,271,190,000,000
2018 1,323,390,000,000
2019 1,355,210,000,000
2020 1,308,920,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts